Bailador Technology Investments Ltd · ASX:BTI
Bailador Technology Investments — ASX SMIDcaps Conference 2025
25 slides from Bailador Technology Investments's conference presentation, Sep 24, 2025
Slide 1: ASX SMIDcaps Conference
For personal use only ASX SMIDcaps Conference Wednesday, 24 September 2025 Bailador Technology Investments Limited | ASX: BTI
Slide 2: Access to high-growth expansion-stage technology companies
For personal use only Bailador provides investors with access to high-growth expansion-stage technology companies at attractive valuations. 2
Slide 3: Bailador is an Expansion Capital Fund
Bailador is an Expansion Capital Fund For personal use only Information Technology Private company investor specialist 8-12 portfolio companies Experienced management ASX-listed for access, liquidity & dividends Strong track record Capital gains of cash realisations & dividend returns 3
Slide 4: The BTI portfolio composition
The BTI portfolio consists of Private companies, Companies BTI has listed and held, & Cash For personal use only Public $98m $293 million Private $193m Note: BTI portfolio values stated at 31 August 2025. 4
Slide 5: Our business model is designed to generate premium returns
Our business model is designed to generate premium returns For personal use only Investing Growing Realising ・ $41m deployed in FY25 ・ Private portfolio FY25 IRR 33% ・ $20m realised in FY25 ・ $38m total gain on investments in FY25 Driving shareholder returns 5
Slide 6: Investing in new portfolio companies
Investing Growing Realising Investing in new portfolio companies For personal use only $12.5m invested Feb-25 $7.7m invested Aug-24 Property Investment Fitness Studio Management Fast growth across Australia, Spain, Ireland Bailador increased carrying value by $3.9m and Indonesia (50%) in June 2025 6
Slide 7: Investing in on-going growth
Investing Growing Realising Investing in on-going growth For personal use only DASH → $15m follow-on investment ($10m equity, $5m debt) → Valuation increased 49% in FY25 (59% on equity component) In FY25 Bailador invested $20.6m in existing portfolio Rosterfy → $3m follow-on investment companies to
Slide 8: Growth in Bailador's private investments is strong
Investing Growing Realising Growth in Bailador’s private investments is strong For personal use only $592m 47% ~65% ~87% portfolio company portfolio company gross margin2 recurring revenue2 revenue1 revenue growth2 Note: 1Based on unaudited revenue over the 12 months to 30 June 2025 for the underlyi
Slide 9: Private portfolio delivered 33% return in FY25
Bailador’s private portfolio delivered Investing Growing Realising 33% return in FY25 FY25 Private Portfolio movements For personal use only ↑ $14.7m ↑ 49% ↑ $17.2m ↑ 86% ↑ $5.5m ↑ 23% ↑ $1.7m ↑ 14% ↑ $3.9m ↑ 50% ↑ $2.5m ↑ 33% - - - New Investment - - ($2.7m) (63%) FY25 Public Portfolio movements ($
Slide 10: SiteMinder realisation
Investing Growing Realising World leader in hotel channel management and For personal use only distribution solutions for online accommodation bookings. $20m realised in FY25 at 37.9% IRR • ASX listed • Global hybrid SaaS business • Manages 125 million+ reservations • Global footprint • IPO in 2021
Slide 11: DASH wealth management platform
Investing Growing Realising Financial advice and investment management software For personal use only platform used by independent financial advisors and financial institutions. 59% equity uplift since investing in June 2024 • Serves the $1tn investment platform market • Acquired IPS in FY25 • Led b
Slide 12: Updoc digital healthcare platform
Investing Growing Realising Digital healthcare platform connecting consumers who For personal use only need medical services with registered health practitioners via a telehealth offering. $20m invested in May 2024 – 86% valuation uplift in FY25 • Exceptional high-quality revenue growth • Offers one
Slide 13: Returns delivered by capital gains and fully franked dividends
Returns are delivered by capital gains Driving shareholder returns and fully franked dividends For personal use only The growth in the value of The growth in value of portfolio BTI shares is driven by: companies is driven by: • The growth in value of portfolio companies • Revenue growth (and opportu
Slide 14: Capital returns enhanced by fully franked dividends
Returns are delivered by capital gains Driving shareholder returns and fully franked dividends For personal use only Capital returns enhanced by fully franked dividends Dividend policy → 8.1% Grossed up Yield1 • Ongoing commitment • Paid half-yearly • Fully franked • Dividend reinvestment plan in op
Slide 15: Access to high-growth expansion-stage technology companies
For personal use only Bailador provides investors with access to high-growth expansion-stage technology companies at attractive valuations. 15
Slide 16: Appendix
Appendix For personal use only Page 17 Bailador Co-Founder profiles Page 18 Bailador Board Page 19 Portfolio company profiles Page 23 Recent Results Page 24 Disclaimer 16
Slide 17: Bailador Co-Founder profiles
Bailador Co-Founder profiles For personal use only David Kirk Paul Wilson Co-Founder & Managing Partner Co-Founder & Managing Partner • Former CEO of Fairfax Media (led the acquisition of • Former Director of CHAMP Private Equity, and Trade Me and Stayz.com) previously MetLife (London and New York)
Slide 18: Bailador Board
Bailador Board David Kirk Andrew Bullock Executive Chairman Non-Executive Director For personal use only Paul Wilson Jolanta Masojada Executive Director Non-Executive Director Helen Foley Brodie Arnhold CFO & Company Secretary Non-Executive Director 18
Slide 19: Portfolio company profiles: SiteMinder, DASH, Updoc
Portfolio company profiles SiteMinder DASH Updoc For personal use only Travel & Accommodation Wealth Management Digital Healthcare Sector ✓ Large addressable market ~1m hotels worldwide ✓ Operates in the massive investment platform ✓ Large and growing market with attractive thematic market that admi
Slide 20: Portfolio company profiles: Access Telehealth, Expedition, Rosterfy
Portfolio company profiles Access Telehealth Expedition Software Rosterfy For personal use only Digital Healthcare Travel & Experiences Volunteer Management Sector ✓ COVID-19 has moved telehealth into the ✓ International travel operating above pre- ✓ Large market with over 2m charitable thematic mai
Slide 21: Portfolio company profiles: PropHero, MOSH, Hapana
Portfolio company profiles PropHero MOSH Hapana For personal use only Property Investment Digital Healthcare Fitness Studio Management Sector ✓ Large addressable market with millions of annual ✓ Emerging market with huge potential ✓ Large addressable market with over 200,000 thematic property transa
Slide 22: Portfolio company profiles: Straker, Nosto
Portfolio company profiles Straker Nosto For personal use only Language Translation E-commerce Sector ✓ Increasing demand from enterprises for platform ✓ Large and growing e-commerce sector thematic capable of facilitating full suite of translation ✓ Increasing demand for personalised, authentic nee
Slide 23: Recent results
Recent results For personal use only Annual Report 2025 FY25 Results Release Released 14 August 2025 Released 14 August 2025 August 2025 Shareholder Update Valuation uplifts June 2025 Released 9 September 2025 Released 26 June 2025 Subscribe for Bailador updates www.bailador.com.au/investor-relation
Slide 24: Disclaimer
Disclaimer This presentation is confidential and may not be reproduced in whole or in part, or distributed except by Bailador Technology Investments Ltd For personal use only (“Bailador”) or by authorised representatives of Bailador (“Affiliates”). This presentation does not contain a complete descr
Slide 25: For personal use only
For personal use only www.bailador.com.au investorservices@bailador.com.au +61 2 9223 2344 Bailador Technology Investments Limited | ASX: BTI
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